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aev [14]
3 years ago
12

Three engineers have the same amount of schooling and work experience, but earn different wages. One is a computer engineer who

designs and tests new computers for an annual wage of $54,000 per year. Another is a chemical engineer who works in a nuclear lab and performs experiments on radioactive materials for an annual wage of $80,000 per year. The third is a civil engineer who performs daily inspections of cables on a suspension bridge for an annual wage of $91,000 per year.
Business
1 answer:
wel3 years ago
3 0

Answer:

Variation in income in all three types of profession is due to different skills.

Explanation:

A computer engineer whose work is less risky due to which his income is also less.  

Unlike a computer engineer, a chemical engineer who works in a nuclear lab performs more risky tasks and earns a higher income.  

Unlike these two, the civil engineer who handles the responsibility of bridge safety performs the riskiest tasks for which he also needs high-quality skills, due to which one can get the most income.

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Costs being equal, when a firm has a higher value gap than its competitor, it can be inferred that the firm:
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Assume Royal Palm Corp., an equipment distributor, sells a piece of machinery with a list price of $800,000 to Arch Inc. Arch In
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a. $720,000

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Since in the question, it is given that the equipment is sold at the list price

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3 years ago
Calamata Corporation processes a single material into three separate products A, B, and C. During September, the joint costs of
Elena-2011 [213]

Answer:

20%

Explanation:

Gross profit is the net of sales and cost of sales. Gross Profit percentage is the ratio of gross profit to sales expressed as percentage.

Product Units Produced Final Sales Value per Unit Separate Costs

   A             10,000                    $25                                  $125,000

   B             15,000                    $30                                  $250,000

   C            <u> 12,500 </u>                  <u> $24 </u>                                <u> $125,000</u>

Total           37,500                                                            $500,000

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A (10,000 x $25)      $250,000

B (15,000 x $30)      $450,000

C (12,500 x $24)      <u>$300,000</u>

Total Sales Value                       $1,000,000

Less

Joint Cost                                  ($300,000)

Separable cost                         <u>($500,000)</u>

Gross Profit                               $200,000

Gross Profit Percentage = ( $200,000 / $1,000,000 ) x 100 = 20%

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